that would collapse to about 15%, and ev makers would essentially be allowed to bring in 8000 vehicles of the value of over $35,000. as you said, this is conditional upon them investing $500 million over the next three years, essentially creating a manufacturing base for evs. we will have to wait and see whether the likes of elon musk announced any plans on the back of this policy in the months ahead.- the months ahead. help us understand the months ahead. help us understand the the months ahead. help us understand the ev - the months ahead. help us understand the ev marketl the months ahead. help us. understand the ev market in india, and the challenges these companies might face.- india, and the challenges these companies might face. there are a number of companies might face. there are a number of big companies might face. there are a number of big challenges, - a number of big challenges, steve, including the fact that charging infrastructure at this point is very
a sharp fall in its net profit, slipping 25%% in 2023 compared to the previous year. aramco attributed the downturn to lower crude oil prices and decreased production. the company s net income dropped from $161 billion in 2022 to $121 billion last year. despite the challenges posed by declining oil prices, aramco will increase its dividend payments, providing a much needed financial boost to saudi arabia. let s get more now from our middle east business correspondent sameer hashmi. with a big fall off in profit, why is it increasing its dividend? it its dividend? is a steep fall compared to 2022. it is a steep fall compared to 2022. it is still the second best performance in terms of annual results at $121 billion. two reasons why they increased the dividend pay out. number one, aramco abbott is the main driver of the saudi arabian economy. saudi owned entities own 19% of it and they rely heavily on that income to really find some these massive projects inside arabia. they tr
the parker review found 12% of ftse 100 bosses are from an ethnic minority up from 7 in 2022. but it s still short of the 18% of people in the uk who are from a non white ethnic group according to the most recent census. joining me now is soumen das, the co chair of the parker review. he s also the chief financial 0fficerfor segro, a ftse 100 listed real estate investment trust. so, some progress as we said, but not enough. what is holding back progress on this front? figs not enough. what is holding back progress on this front? not enough. what is holding back progress on this front? as we talk about this this progress on this front? as we talk about this this morning, - progress on this front? as we talk about this this morning, there - progress on this front? as we talk about this this morning, there is l about this this morning, there is reasons for optimism, we ve come a long way, part of the review has been running for nine years, and the number of ethnic minority
speaking before squeezed by massive bills, there is still spending power out there. a lot of our customers are probably a bit older, so we don t feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. does it feel like we are getting green shoots? i don t feel that there is green shoots, no, no. i don t feel that there is green shoots, no, no. i feel we are in a holding pattern. it could go either way. today, the bank of england said the tough medicine was beginning to work. less tha n less than two years they have over 14 steps raised interest rates to the highest level in 15 years in an attempt to drain spending powerfrom the spending power from the economy. the period of near zero interest rates now consigned to history with the bank warning that rates could remain at this level for some time. if you asked the question, yes, and when are rates going to come down? my answer is w